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20121027
20121104
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the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade.
what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> coming up on the three-minute mark right now as we finish out this historic day here at the new york stock exchange the dow is going to finish down about six points. we were all wondering what the tone of trading would be today, as mutual funds and other companies needed to square their books not only at the end of the month, the end of the fiscal year for a lot of mutual funds and it has been a pretty orderly day today. >> it was orderly, volume was light. today it was all about executing make sure that trade can get executed, get through the day, make sure business is back and can be on track going forward. >> joining success one of the heroes, jok mccain, executive vice president for u.s. markets here at the new york stock exchange and one of the guys that's been working around the clock to get things back on track again so we bow to your effort there. >> thank you. i've never been called a hero before. thank you. >> when do you exhale at the open after you get the trade off today or as you
first day of work to his last, which isn't rocket science. it'st ce. from td ameritrade. >>> coming up on three-minute mark before we close out. we're getting pretty decent gains. we're strengthening into the close here. the s&p with a gain of more than 1%. the nasdaq had been the best performer today, a gain of 1.4%. the dow is up about a percent right now with a gain of 129. it was up 177 at the peak. the best and worst performers among the dow components today, the financials have done very well. bank of america, our best perform we are a gain of 4.4% in today's trade. pfizer had earnings out today, down 1.3%. when we look at the best and worst performing sectors among the s&p components today, materials did the best. maybe that sandy play anticipating that. a gain of 1.9%. the worst performers included the consumer staples, which may be hit initially by what's going on with sandy and the utilities, which certainly have suffered as a result of the devastation in the parts of the northeast as a result of the storm. on the floor with maria there, warren myers, market analyst and dme s
each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> this strong dollar is the culprit. it stayed strong. it's up at about a one-month high against the euro. that has pushed gold down 2% today. crude oil down 2% today. stocks have gone with it as well. very quickly on the sectors for the week. again, i call this the sandy effect. the strength was in basic materials. now everybody's lower right now. so for the week, we are seeing minus signs across the board. let's bring in ben willis. what do you make of this late selloff and why we're going down today? >> well, it's a perversion of wall street f you will. the fact of the matter is the economic data is pointing to such great strength that that gives the idea that the fed will back away from the easy money policy that's been in place. the twist will expire. et cetera, et cetera. that's driving up the dollar. the commodity based dollars are trading lower. so you had gold come off. you had oil come off. they also broke support levels, or 85 level on the west texas intermediate. they fed on themselves.
Search Results 0 to 3 of about 4